A Small Business Bankruptcy Attorney Serving Raleigh, NC

As a small business owner, you feel alone. Unpaid bills are piling up, but you can't pay them. Your worry keeps you awake all night. Worse, you haven't paid yourself an income in months.

While you may feel like you're the only one, many businesses face stressful financial times.

In July, August, and September 2025, Eastern North Carolina law firms filed 424 bankruptcy cases in the U.S. District Courts.

Stop trying to resolve your financial issues on your own.

A professional small business bankruptcy attorney can help you determine the right path forward for a fresh start. Ivey McClellan is the small business bankruptcy law firm to count on when you need to file for bankruptcy.

Business Bankruptcies in Raleigh, NC are Complex

Any business bankruptcy is complex due to the different types of bankruptcies and the rules governing each. What works for one company may not be best in your business's situation.

The small business bankruptcy lawyer or attorney you consult analyzes your finances and business structure.

The legal team goes over each type and how it applies to your situation.

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Chapter 7

Filing for Chapter 7 is best for businesses that plan to shut down. North Carolina bankruptcy court inventories your assets and sells them to pay off your debt.

Debt is discharged, and your small business closes for good. Partnerships and corporations do not qualify for this type of bankruptcy.

Chapter 11

If you want to keep your business open, a Chapter 11 bankruptcy reorganization is ideal. A court-appointed trustee establishes a plan that pays your creditors over time, but your business continues as planned.

Your creditors must agree to the payment plan your trustee creates. This is why a skilled small business bankruptcy attorney is essential. An attorney's expertise is the best way to get a payment plan that's fair to you and likely to be accepted by your creditors.

Chapter 12

This type of bankruptcy is used for small agricultural businesses. If your small business is part-time or seasonal, such as farming or fishing, a Chapter 12 bankruptcy may be an option.

Instead of shutting down, your business bankruptcy lawyer negotiates payment plans that take a seasonal business's finances into account.

Chapter 13

While this bankruptcy option is designed for individuals or couples, it can apply to a small business if you're the sole proprietor.

If you owe business debt and have no employees, Chapter 13 protects your personal assets, such as your car or home, when establishing repayment plans.

Our Small Business Bankruptcy Law Firm Offers Expert Debt Solutions to Raleigh Businesses

Since the 1950s, Ivey McClellan has been a trusted North Carolina law firm. We serve Raleigh, NC, from our offices in Eden and Greensboro.

If you’re tired of never-ending debt-collection calls and non-stop late-payment notices, our small business bankruptcy law firm is ready to help.

Talk to our bankruptcy professionals about your small business debt: Feel free to give us a call at (336) 274-4658 (Greensboro, NC) or at (336) 623-4600 (Eden, NC), or fill out our contact form.